Wipro Ventures has invested in 25 new era companies that can increase the company’s offer and have a $ 250 million portfolio, said Rishad Premi.

Speaking to shareholders at the 75th Annual General Meeting of the Company on July 14 virtually, Premji said, “Wipro’s merger and acquisition is very strategic in terms of adding new capabilities, capacity, or geographical expansion for us. We also see some younger companies But we don’t buy a company that is younger but invest in it through Wipro Ventures. “

WIPRO VENTURES is WIPRO’s investment arm, where the company invests in early to midfield from new age startup companies that can increase the portfolio of offerings needed by customers to customers.

With work from home to the norm in the middle of a pandemic, all WIPRO employees may never return to the office all the time when they adopt a hybrid work model, premji said.

“Working from home is a new reality. We are likely to have never had all our employees, all the time in the office and will learn to work in a hybrid model,” he said.

Premperi says, in the next few months, they will have more clarity about how this model will appear. However, at present, almost 97 percent of employees work from home, he added.

On the vaccination front, the company bought one dose of lakh and vaccinated 35,000 employees on campuses so far. Overall, almost 55 percent of employees have been vaccinated in this country, which the company expects will increase in the coming months. However, he does not share if this includes a dose or for a single dose.

On problems related to H-1B, Premenji also shared that if 75 percent of employees in the US were locals, dependence on visas had fallen for years. However, the company continues to be involved through the IT industry agency on related visas related problems.